Duck Creek Technologies acquires Risk Control Technologies, Inc.
Date Closed
October 8, 2024
Lead Office
Toronto
In October 2024, Duck Creek Technologies, a subsidiary of Vista Equity Partners ("Vista"), acquired Risk Control Technologies, Inc. ("RCT"). The strategic investment is set to use AI capabilities to change the way insurance carriers prevent loss and manage risk.
RCT, headquartered in Toronto, Ontario, Canada, is the leading provider of Risk Management and Loss Control software to the insurance industry.
Duck Creek Technologies, headquartered in Boston, Massachusetts, United States, is an intelligent solutions provider for property and casualty and general insurance.
Vista, headquartered in Austin, Texas, United States, is a leading private equity firm that invests in enterprise software, data and technology companies.
McCarthy Tétrault advised Vista with a team led by Shevaun McGrath and Heidi Gordon that included Victoria de Luna, Meghan Zhang, France Courtemanche, Nicholas Geringer (Business), Debbie Salzberger, Erin Keogh (Competition/Antitrust), Una Radoja (Environment), Justin Lapedus, Ailbish Bruchet, Mehak Suri (Financial Services), Vincent Yip (Intellectual Property), Michael Scherman, Jamie Parker, Mohammed M'Hiri (Data/Privacy), Patrick Pengelly, Marco Fimiani, John Gray (Labour & Employment), Shane D’Souza, Stephanie Sugar (Litigation), Kelleher Lynch (Pensions), Sarit Pandya (Real Property and Planning), Raj Juneja, Simon Douville, Sara Baxter, Suhaylah Sequeira (Tax), Martha Harrison and Gajan Sathananthan (Trade).